Mountain Boy Minerals Ltd.: Silver Potential of American Creek Claims to Be Explored in 2011
04 April 2011 - 9:26PM
Marketwired
Mountain Boy Minerals Ltd. ("Mountain Boy" or the "Company") (TSX
VENTURE: MTB) plans to explore the high grade silver properties it
owns along American Creek during the 2011 field season. The
exploration will follow up on results obtained in programs carried
out in 2006 and 2007. Elevated silver values occur in replacement
type mineralization, sulphide veins and breccia zones within rocks
along the valley. The main properties to be explored include the
Mountain Boy and FR claims.
The Company plans to explore both the High Grade and Mann veins
with approximately 5,000 metres of drilling. In exploration
conducted in the 1930's, the High Grade and the nearby No 3 vein
were traced over strike lengths of 600 metres and tested over
widths from 1 to 5 metres. Work in the 1930's yielded over 14,136
grams/tonne silver (500 oz/ton silver) over widths up to 1 metre
within both veins which are 4-5 metres wide overall. Bonanza type
mineralization consisting of acanthite (silver sulphide) and
stromeyerite (silver-copper sulphide) occurs as veinlets, stringers
and lenses in the High Grade and No 3 vein, giving rise to high
silver grades. Drilling in this area in 2006 encountered high
silver values with DDH-2006-10 intersecting 5.18 metres of 5258 g/t
silver and DDH-2006-19 intersecting 8.53 m of 2260 g/t silver. The
Company will drill 10 to 15 short holes to further test this
zone.
The program will also follow up on a hole drilled in 2006 into
the Mann vein (12-13 metres wide traced over 500 metres of strike)
approximately 150 metres south of the closest underground workings.
This single hole that tested the zone in this area intersected 7.01
metres of 281.7 g/t silver. The closest underground working contain
2 zones, a copper bearing one yielded 3.4 metres of 398.8 g/t
silver while a second zinc bearing one yielded 45.5 g/t silver over
3.0 metres. A surface zone correlating with the underground zones
carries 1200 g/t silver over 3.65 metres.
The other area to be explored will be on the Virginia K showings
within the FR claims. There are at least 2 significant veins
carrying high gold and silver values. In the Virginia K. 5 showing,
mineralization comprises stringers of quartz with galena,
sphalerite, chalcopyrite and pyrite in carbonate-altered argillite
and greywacke host rocks. Grab samples of siliceous vein material
assayed up to 1,177.7 grams per tonne silver from a short adit. In
the 1931 Minister of Mines Annual Report it was reported that a
sample assayed 9.6 grams per tonne gold, 1,522.3 grams per tonne
silver and 8.01 per cent lead across 3.7 metres from one of the
veins. Numerous other reported silver showings will be sampled as
well.
About Mountain Boy Minerals
Mountain Boy Minerals Ltd. is a Canadian based mineral
exploration company with diverse property and resource holdings
around the Stewart region in British Columbia's golden triangle. It
owns 30% of the Silver Coin project, a gold-silver-base metals
project that is having a new 43-101 compliant resource calculated.
The Company is also exploring silver-base metals on its American
Creek and Bear Valley properties as well as copper-gold on their
Stewart area claims.
For further information, please contact Company investor
relations at 604-681-0710, Ed Kruchkowski at 250-636-9232 or visit
the website at http://www.mountainboyminerals.ca (The Company
website is being changed at present and will be available
shortly).
ON BEHALF OF THE BOARD
Ed Kruchkowski, Director
"This news release may contain forward-looking statements.
Forward-looking statements address future events and conditions and
therefore involve inherent risks and uncertainties. Actual results
may differ materially from those currently anticipated in such
statements."
"Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
Contacts: Mountain Boy Minerals Ltd. Investor Relations
604-681-0710 Mountain Boy Minerals Ltd. Ed Kruchkowski 250-636-9232
250-636-9233 (FAX) www.mountainboyminerals.ca
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